Savills Investment Management has forward-funded a Dutch logistics development on behalf of a German institutional investor.
The real estate fund manager has invested an unspecified sum to buy the project in the Schiphol area of the Netherlands from developer AM.
Construction of the asset is expected to reach completion in the first quarter of 2027, Savills IM said, adding that a lease agreement has already been secured with the logistics provider Van der Helm Logistics.
The transaction is the second under an investment mandate on behalf of the unnamed institutional investor, to assemble a European logistics portfolio. This strategy focuses on core assets in established prime logistics locations.
The first acquisition, a logistics centre in Hamburg-Billbrook, was added to the portfolio at the end of 2024.
David Seydt, associate director, fund management at Savills IM, said: “Now is a good time to invest counter-cyclically. While there are isolated cases of location consolidation among individual logistics tenants, the sector’s long-term fundamentals remain robust.
“We continue to see structurally strong demand for the right assets in the right locations. With the forward funding of the Schiphol project, we have secured a high-quality core logistics asset in a prime logistics location within one of Europe’s most stable and in-demand markets at an early stage.”
Marcel Fleminks, co-head Netherlands at Savills IM, said: “The Dutch logistics market is one of the most active, established and liquid markets in Europe. It benefits from its strategic location and close proximity to Europe’s largest consumer markets, as well as from its highly developed transport and infrastructure network.
“The ports of Rotterdam and Amsterdam, together with Schiphol Airport, serve as key European gateways for the movement of goods. Schiphol is also regarded as one of Europe’s leading air cargo hubs. A large share of logistics activity is concentrated along the main transport corridors linking these hubs with the European hinterland. We are continuously looking for exactly such high-quality logistics assets in strategically relevant locations.”
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